146 creative campaigns honoured with COMMWARD

The 13th Communication Summit, which brings together leading professionals from the creative communication industry, business leaders and brands to explore the future of creative marketing, was held the Le Méridien Dhaka in the capital yesterday..Organised by Bangladesh Brand Forum (BBF) i
19 October 2024, 18:00 PM

Strong institutions a prerequisite for successful reforms

This year’s Nobel Prize in economics has been awarded to British-Americans Simon Johnson and James Robinson and Turkish-American Daron Acemoglu, whose work and research in economics have been to explain how some countries manage to stay ahead of the curve while others fail to do so.
19 October 2024, 18:00 PM

Lack of funding slows SME policy implementation

A lack of necessary funding and coordination among the affiliated organisations has been one of the main reasons for the slow implementation of the SME Policy 2019, leaving many provisions unrealised, said Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI).
19 October 2024, 18:00 PM

ICB optimistic about sovereign guarantee for Tk 3,000cr

The Investment Corporation of Bangladesh (ICB) is positive about getting a sovereign guarantee from the government for a Tk 3,000-crore fund so that the country’s lone state-run investment bank can revitalise itself and continue supporting the stock market.
19 October 2024, 18:00 PM

RMG work orders returning as labour unrest subsides

After more than a month of disruption due to the political changeover and subsequent labour unrest in major industrial belts, international apparel retailers and brands are returning to Bangladesh with work orders for upcoming seasons.
19 October 2024, 18:00 PM

Garment industry lost $400m to worker unrest

The garment industry of Bangladesh has suffered collective production losses of nearly $400 million due to a series of labour unrest in September and early October, exporters said.
19 October 2024, 18:00 PM

BTRC fines top three mobile operators Tk 15 lakh

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to impose a fine of Tk 15 lakh on Grameenphone, Robi and Banglalink for breaching industry regulations.
19 October 2024, 18:00 PM

Gold price crosses Tk 1.4 lakh per bhori

The price of gold in Bangladesh is set to break all previous records as it will cross Tk 1.4 lakh per bhori (11.66 grams) today, according to a statement by the Bangladesh Jewellers Association (Bajus)..Bajus said it asked its members to follow the new rate from Sunday due to the increased
19 October 2024, 16:00 PM

TOAB threatens movement against move to limit tourists on Saint Martin

President of Tour Operators Association of Bangladesh (TOAB) Mohammed Rafiuzzaman has threatened a greater movement against any “negative decision” on Saint Martin's island ahead of the tourism season
19 October 2024, 11:12 AM

Raise loan limit for female entrepreneurs to Tk 2 crore: DCCI

The chamber recommended reforms of the SME Policy 2019 
19 October 2024, 10:09 AM
19 October 2024, 09:46 AM

Labour unrest caused $400m loss in garment industry: BGMEA

Work orders from international brands returning as normalcy returns
19 October 2024, 07:19 AM

Budget support from WB, IMF, ADB: Bangladesh may get $5.65b by this fiscal year

The government is expecting at least $5.65 billion in budget support this fiscal year from the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) to expedite reforms.
18 October 2024, 18:41 PM

Wheels of change: Bangladesh’s journey to self-sufficiency in motorcycle manufacture

It was once beyond anyone’s wildest imagination that Bangladesh would become a motorcycle manufacturing hub. Only seven years ago, the country relied on imports to meet 95 percent of its demand for motorbikes.
18 October 2024, 18:00 PM

BB removes NCC Bank chairman, director

Bangladesh Bank on Thursday removed NCC Bank Chairman M Abul Bashar and Director Md Abdul Awal after they were declared loan defaulters at Bank Asia.
18 October 2024, 07:10 AM

Key stock index lowest in two and a half months

Stocks in Bangladesh sank to a two-and-a-half-month low yesterday as investors poured their funds only into selective shares to pocket short-term gains amid price fluctuations..The DSEX, the main index of the Dhaka Stock Exchange (DSE), fell by 1.09 percent from the day before to close at
17 October 2024, 18:02 PM

Don’t invest in polluting industries

Syeda Rizwana Hasan, adviser to the Ministry of Environment, Forest and Climate Change, has urged banks in Bangladesh not to invest in heavy polluting industries as a part of their responsibility to protect the environment.
17 October 2024, 18:00 PM

BB eases forex rules

The Bangladesh Bank (BB) yesterday eased foreign exchange rules through three separate notices, allowing banks to remit different types of payments abroad without central bank approval.
17 October 2024, 18:00 PM

High production and transport costs behind runaway food inflation

High production and transportation costs, limited bargaining power due to market structure inefficiency, seasonal supply, price fluctuations and limited market access for producers are triggering food inflation, according to a study by the Dhaka Chamber of Commerce and Industry (DCCI).
17 October 2024, 18:00 PM

Govt makes major moves to cut prices of edible oil, sugar, egg

In the face of public outcry over the high prices of essential food items, the National Board of Revenue (NBR) yesterday slashed customs taxes on imports of eggs, edible oil and refined sugar.
17 October 2024, 18:00 PM